| XFLT Stock | | | USD 7.05 0.03 0.43% |
XAI Octagon financial indicator trend analysis is more than just analyzing XAI Octagon Floating current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether XAI Octagon Floating is a good investment. Please check the relationship between XAI Octagon Other Assets and its Cash accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XAI Octagon Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
Other Assets vs Cash
Other Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
XAI Octagon Floating Other Assets account and
Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between XAI Octagon's Other Assets and Cash is 0.66. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Cash in the same time period over historical financial statements of XAI Octagon Floating, assuming nothing else is changed. The correlation between historical values of XAI Octagon's Other Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Assets of XAI Octagon Floating are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Assets i.e., XAI Octagon's Other Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.66 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Assets
Cash
Cash refers to the most liquid asset of XAI Octagon Floating, which is listed under current asset account on XAI Octagon Floating balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from XAI Octagon customers. The amounts must be unrestricted with restricted cash listed in a different XAI Octagon account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from XAI Octagon's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into XAI Octagon Floating current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XAI Octagon Floating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
At this time, XAI Octagon's
Sales General And Administrative To Revenue is comparatively stable compared to the past year.
Enterprise Value Over EBITDA is likely to gain to 6.77 in 2024, whereas
Selling General Administrative is likely to drop slightly above 1.4
M in 2024.
XAI Octagon fundamental ratios Correlations
Click cells to compare fundamentals
XAI Octagon Account Relationship Matchups
High Positive Relationship
High Negative Relationship
XAI Octagon fundamental ratios Accounts
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Additional Tools for XAI Stock Analysis
When running XAI Octagon's price analysis, check to
measure XAI Octagon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XAI Octagon is operating at the current time. Most of XAI Octagon's value examination focuses on studying past and present price action to
predict the probability of XAI Octagon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XAI Octagon's price. Additionally, you may evaluate how the addition of XAI Octagon to your portfolios can decrease your overall portfolio volatility.